Forklift Accident Lawsuit Loans Help Injured Plaintiffs
Forklift accident victims can seek forklift accident lawsuit loans to help bridge the gap between injury and recovery from a forklift accident lawsuit. Forklift accident lawsuit loans provide immediate cash to injured victims in financial need.
Forklift Accidents Statistics
Forklifts are commonly used in a variety of commercial applications. Specifically, they are used to lift and transport heavy objects. These are useful machines but they are also very powerful. They have the potential to be hazardous in the workplace.
Forklift accident statistics reveal the dangerous nature of forklift operation. For example, for the period between 2011 and 2019, 888,220 forklift accidents were recorded. In 2018, 85 fatalities were recorded.
The most common forklift accidents causing injuries include lift trucks colliding with pedestrians, rolling forklifts crushing drivers, passengers and/or pedestrians, falling loads, persons falling off forklifts, and mechanical failure.
Forklift Injuries Can Be Severe
Data from the Bureau of Labor Statistics revealed the most common type of forklift injuries included:
- sprains and strains
- ligament and connective tissue tears
- bruises and contusions
- traumatic head trauma
- untimely death
These injuries are often severe, leaving forklift accident victims struggling physically.
Sources of Compensation
Those injured in work related accidents can seek various sources of relief such as workers’ compensation benefits. Other types of work related injury compensation statutes can include:
- New York Scaffolding Laws
- Jones Act
- Longshore and Harbor Workers’ Compensation Act
- Outer Continental Shelf Lands Act
If You Have Any Questions, Call 888-964-2224
Limitation of Available Legal Remedies
Regardless of the source of compensation, most legal remedies have some limitations. One glaring problem, when attempting to secure full compensation, is the time it takes for the claims to be resolved. Court backlog has long been an issue and this delay of justice leaves many injured plaintiffs in financial peril, especially since their injuries prevent them from working/earning as before the accident.
Unfortunately, defendants and their insurers understand these limitations all too well. They use the situation to their advantage by offering “low-ball” settlement offers to injured parties. The ploy often works leaving many with less than they would otherwise been able to negotiate if financial problems were not present. If they were able to endure the process, their lawyers could press for the maximum recovery available.
Forklift Lawsuit Loans as a Solution
In response to the above scenario, the lawsuit loan industry was formed. The truth about forklift accident lawsuit loans is they are specialty financial products in which forklift accident plaintiffs secure money prior to settlement by selling a portion of the case to a lawsuit funding company. In return, the company advances cash to the plaintiff.
Forklift accident lawsuit loans help plaintiffs bridge the financial gap between the filing of their claim and ultimate recovery.
Why Use Forklift Lawsuit Loans?
Forklift accident lawsuit loans give financial relief to injured forklift operators who have claims for damages against another entity. Forklift accident lawsuit loans provide immediate cash to plaintiffs. Some use their forklift accident advances are:
- Pay debts
- Catch up on bills
- Pay rent or back mortgage payments in order to avoid foreclosure proceedings or eviction
- Pay medical bills and co-payments
- Make car payments or purchase a new car
- Pay tuition or student loans
- Cover daily living expenses such as groceries, utilities, cable television, etc.
In actuality, there is no restriction on how you spend your forklift accident lawsuit loan. After all, it’s your money. The only difference is you are getting part of it in advance.
How to Qualify for a Forklift Lawsuit Loan
Funding is routinely given for personal injury cases such as auto accidents and slip and fall actions. Forklift accident victims are eligible to apply as well. To obtain a forklift accident settlement loan:
- You must have a valid and pending claim.
- You must have an attorney.
- Your attorney must be representing you on a contingency basis meaning that the attorney only gets paid if the lawsuit is successful.
Getting Started with Forklift Lawsuit Loans
The process of obtaining a pre-settlement loan through Fair Rate Funding is very simple.
- Fill out the Quick Application on this web page or give us a call at 888-964-2224.
- We will contact you the same day to discuss your case.
- With your permission, we discuss your case with your lawyer.
- Once approved, we prepare a document for your signature.
- Once received, we deliver your funds via overnight courier or electronic bank transfer.
It’s really that simple! If you have any questions regarding forklift accident lawsuit loans or lawsuit funding in general, please do not hesitate to ask. We are here to help and are at your service.